- Prachi Singh |
Oxford Industries has said that Scott A. Beaumont and James B. Bradbeer, Jr. will retire from their positions as Co- Group CEOs of Lilly Pulitzer on April 1, 2016. Michelle Kelly, Lilly Pulitzer's current President, will succeed them as Group CEO of the company. Beaumont and Bradbeer will continue as advisors to Oxford.
“Scott and Jim are co-founders of the company that re-launched Lilly Pulitzer twenty three years ago. When we bought Lilly Pulitzer from Scott and Jim in 2010 we acquired an outstanding business and brand. During the ensuing five years, Scott and Jim have been terrific partners to us. They led the rapid growth of Lilly Pulitzer to 168 million dollars in net sales last year with outstanding profitability, and that momentum has continued this year,” said Thomas C. Chubb III, Chairman and Chief Executive Officer of Oxford.
“As impressive as the growth has been, Scott and Jim's greatest legacy will be the extraordinary management team, led by Michelle Kelly, which they have developed and groomed over the last several years," he added.
Kelly began her career at McKinsey & Company. She holds an MBA from the Harvard Business School and a BS in Commerce from the University of Virginia.